A change in HUD's strategy may have nonprofits and housing authorities housing authorities begging for money from Wall Street rather than HUD.
"Faced with a $7 million gap for one of the project's 12 buildings... and after exhausting possibilities for local and federal low-income housing funds, Ms. Steen's nonprofit... tried something new: They borrowed the money from Fannie Mae, the Washington-based government-chartered mortgage-market concern, and Bank of America Corp., of Charlotte, N.C. As collateral for the loan, they used anticipated annual grants from the Department of Housing and Urban Development that were earmarked for building improvements like roof repairs." [Editor's note: The link below is available to non-subscribers for a period of 7 days.]
Thanks to Chris Steins
FULL STORY: HUD Looks to Private Sector For Funds for Rehabilitations
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
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Gallatin County Department of Planning & Community Development
Heyer Gruel & Associates PA
Mpact (founded as Rail~Volution)
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City of Astoria
City of Portland
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